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Sunday, December 2, 2012

TRACES-TDS CPC

About Us


TRACES Vision Statement:

"To partner in the nation building process through progressive tax policy, efficient and effective administration and improved voluntary compliance."

TDS (Tax Deducted at Source) Centralized Processing Cell (CPC) or TDS CPC is a transformational initiative undertaken by the Income Tax Department (ITD) to enable easy filing of TDS / TCS correction statements by deductors / collectors and related functionalities. TDS CPC endeavours to improve overall service levels for deductors and tax payers. Deductors / collectors can file online correction statements after registering on TRACES. Tax Payers can also register to view and download Form 26AS. TDS CPC will facilitate timely filing and processing of statements and follow-up with deductors / collectors for rectification of defaults to enable correct reporting of TDS / TCS. The system has been designed to bring in transparency and efficiency to the taxation process.

TRACES covers the following areas with respect to TDS / TCS statements:

For Deductors / Collectors

•Registration on TRACES

•Add sub-users for a TAN

•View challan status

•Download NSDL Conso File

•Download Justification Report

•PAN Verification

•Download Form 16 / 16A

•Provide Feedback

•Download forms and file formats

•Manage Profile

•Download Consolidated TAN-PAN File

•Dashboard View

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